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INVESTMENTS (Tables) | 9 Months Ended
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Mar. 31, 2021
Disclosure Text Block Supplement [Abstract] |
Unrealized Gain (Loss) on Investments [Table Text Block] | The following details the components of the Company’s equity investments recorded at fair value as of March 31, 2021, and June 30, 2020.
|  | March 31, 2021 As Restated (See Note 2) |
(dollars in thousands) |  | Cost |  |  | Unrealized Gains (Losses) |  |  | Fair Value |
Equity securities at fair value |  |  |  |  |  |  |  |  |  |  |  |
Equities - International |  | $ | 8,000 |  |  | $ | 8,085 |  |  | $ | 16,085 |
Equities - Domestic |  |  | 45 |  |  |  | (45 | ) |  |  | - |
Mutual funds - Fixed income |  |  | 6,313 |  |  |  | 9 |  |  |  | 6,322 |
Mutual funds - Global equity |  |  | 929 |  |  |  | (75 | ) |  |  | 854 |
Mutual funds - Domestic equity |  |  | - |  |  |  | - |  |  |  | - |
Total equity securities at fair value |  | $ | 15,287 |  |  | $ | 7,974 |  |  | $ | 23,261 |
|  | June 30, 2020 |
(dollars in thousands) |  | Cost |  |  | Unrealized Gains (Losses) |  |  | Fair Value |
Equity securities at fair value |  |  |  |  |  |  |  |  |  |  |  |
Equities - International |  | $ | 5,641 |  |  | $ | (1,162 | ) |  | $ | 4,479 |
Equities - Domestic |  |  | 45 |  |  |  | (45 | ) |  |  | - |
Mutual funds - Fixed income |  |  | 6,313 |  |  |  | 9 |  |  |  | 6,322 |
Mutual funds - Global equity |  |  | - |  |  |  | - |  |  |  | - |
Mutual funds - Domestic equity |  |  | 929 |  |  |  | (266 | ) |  |  | 663 |
Total equity securities at fair value |  | $ | 12,928 |  |  | $ | (1,464 | ) |  | $ | 11,464 |
Debt Securities, Available-for-sale and Held-to-Maturity [Table Text Block] |
|  | March 31, 2021 As Restated (See Note 2) |
(dollars in thousands) |  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Fair Value |
Available-for-sale - Convertible debentures |  | $ | 8,957 |  |  | $ | 14,970 |  |  | $ | - |  |  | $ | 23,927 |
|  | March 31, 2021 As Restated (See Note 2) |
(dollars in thousands) |  | Amortized Cost |  |  | Unrealized Gains |  |  | Unrealized Losses |  |  | Net Carrying Amount |
Held-to-maturity - Debentures |  | $ | 1,000 |  |  | $ | - |  |  | $ | - |  |  | $ | 1,000 |
Investments Classified by Contractual Maturity Date [Table Text Block] | Investments in debt securities classified as held-to-maturity are carried at amortized cost, which approximates fair value. The net carrying amount and estimated fair value of debt securities at March 31, 2021, are summarized below by contractual maturity dates. Actual maturities may differ from final contractual maturities due to principal repayment installments or prepayment rights held by issuers.
|  | March 31, 2021 As Restated (See Note 2) |
(dollars in thousands) |  | Convertible debentures (1) |  |  | Due after five years through ten years |  |  | Total |
Net Carrying Amount |  | $ | 8,957 |  |  | $ | 1,000 |  |  | $ | 9,957 |
Fair Value |  | $ | 23,927 |  |  | $ | 1,000 |  |  | $ | 24,927 |
Fair Value, Assets Measured on Recurring Basis [Table Text Block] | The following summarizes the major categories of investments with fair values adjusted on a recurring basis as of March 31, 2021, and June 30, 2020, with fair values shown according to the fair value hierarchy.
|  | March 31, 2021 As Restated (See Note 2) |
|  |  |  |  |  | Significant |  |  | Significant |  |  |  |  |
|  | Quoted Prices |  |  | Other Inputs |  |  | Unobservable Inputs |  |  |  |  |
(dollars in thousands) |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | Total |
Investments carried at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments in equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equities - International |  | $ | 5,133 |  |  | $ | - |  |  | $ | 10,952 |  |  | $ | 16,085 |
Equities - Domestic |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Mutual funds - Fixed income |  |  | 6,322 |  |  |  | - |  |  |  | - |  |  |  | 6,322 |
Mutual funds - Global equity |  |  | 854 |  |  |  | - |  |  |  | - |  |  |  | 854 |
Mutual funds - Domestic equity |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total investments in equity securities: |  | $ | 12,309 |  |  | $ | - |  |  | $ | 10,952 |  |  | $ | 23,261 |
Investments in debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale - Convertible debentures |  |  | - |  |  |  | - |  |  |  | 23,927 |  |  |  | 23,927 |
Total investments carried at fair value on a recurring basis: |  | $ | 12,309 |  |  | $ | - |  |  | $ | 34,879 |  |  | $ | 47,188 |
|  | June 30, 2020 |
|  |  |  |  |  | Significant |  |  | Significant |  |  |  |  |
|  | Quoted Prices |  |  | Other Inputs |  |  | Unobservable Inputs |  |  |  |  |
(dollars in thousands) |  | (Level 1) |  |  | (Level 2) |  |  | (Level 3) |  |  | Total |
Investments carried at fair value on a recurring basis: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Investments in equity securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equities - International |  | $ | 4,447 |  |  | $ | 32 |  |  | $ | - |  |  | $ | 4,479 |
Equities - Domestic |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Mutual funds - Fixed income |  |  | 6,322 |  |  |  | - |  |  |  | - |  |  |  | 6,322 |
Mutual funds - Global equity |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Mutual funds - Domestic equity |  |  | 663 |  |  |  | - |  |  |  | - |  |  |  | 663 |
Total investments in equity securities: |  | $ | 11,432 |  |  | $ | 32 |  |  | $ | - |  |  | $ | 11,464 |
Investments in debt securities: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale - Convertible debentures |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Total investments carried at fair value on a recurring basis: |  | $ | 11,432 |  |  | $ | 32 |  |  | $ | - |  |  | $ | 11,464 |
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block] | As of March 31, 2021, approximately 26 percent, 0 percent, and 74 percent of the Company’s financial assets carried at fair value on a recurring basis were classified in the fair value hierarchy as Level 1, Level 2, and Level 3, respectively. As of June 30, 2020, approximately 100 percent of the Company’s financial assets carried at fair value on a recurring basis were classified in the fair value hierarchy as Level 1. The following table is a reconciliation of investments recorded at fair value for which unobservable inputs (Level 3) were used in determining fair value as of March 31, 2021.
Changes in Level 3 Assets Measured at Fair Value on a Recurring Basis |
|  | Three and Nine Months Ended March 31, 2021 |
|  | Investments in equity securities |  |  | Investments in debt securities |
(dollars in thousands) |  | As Restated (See Note 2) |  |  | As Restated (See Note 2) |
Beginning Balance |  | $ | - |  |  | $ | - |
Purchases |  |  | 5,853 |  |  |  | 9,147 |
Sales |  |  | - |  |  |  | - |
Principal payment proceeds |  |  | - |  |  |  | (658 | )
Amortization of premium (investment income) |  |  | - |  |  |  | (83 | )
Total gains or losses (realized/unrealized) |  |  |  |  |  |  |  |
Included in earnings (investment income) |  |  | 5,099 |  |  |  | 552 |
Included in Accumulated Other Comprehensive Income (other) |  |  | - |  |  |  | 14,969 |
Transfers into Level 3 |  |  | - |  |  |  | - |
Transfers out of Level 3 |  |  | - |  |  |  | - |
Ending Balance |  | $ | 10,952 |  |  | $ | 23,927 |
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block] | The Company currently considers the related fair value measurements to contain Level 3 inputs. The following is quantitative information as of March 31, 2021, with respect to the securities measured and carried at fair value on a recurring basis with the use of significant unobservable inputs (Level 3):
|  | March 31, 2021 As Restated (See Note 2) |
(dollars in thousands) |  | Fair Value |  |  | Principal Valuation Techniques |  | Unobservable Inputs |
Investments in debt securities: |  |  |  |  |  |  |  |  |  |  |  |
Available-for-sale - Convertible debentures |  | $ | 23,927 |  |  | Binomial lattice model |  |  |  |  |  |
|  |  |  |  |  |  |  | Volatility |  |  | 44.3 | %
|  |  |  |  |  |  |  | Credit Adjusted Discount Rate |  |  | 1.8 | %
|  |  |  |  |  |  |  | Discount for Lack of Marketability |  |  | 5.0 | %
Investments in equity securities: |  |  |  |  |  |  |  |  |  |  |  |
Common share purchase warrants |  | $ | 10,952 |  |  | Options pricing model |  |  |  |  |  |
|  |  |  |  |  |  |  | Volatility |  |  | 72.3 | %
|  |  |  |  |  |  |  | Discount for Lack of Marketability |  |  | 5.0 | %
Equity Securities without Readily Determinable Fair Value [Table Text Block] | The carrying value of equity securities without readily determinable fair values has been adjusted as follows:
|  | Nine Months Ended |  |  | Three Months Ended |
|  | March 31, |  |  | March 31, |
(dollars in thousands) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Carrying amount, beginning of period |  | $ | 1,283 |  |  | $ | 1,404 |  |  | $ | 1,385 |  |  | $ | 1,488 |
Adjustments: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Purchases |  |  | 665 |  |  |  | 75 |  |  |  | 440 |  |  |  | 75 |
Impairments |  |  | (6 | ) |  |  | - |  |  |  | (6 | ) |  |  | - |
Other downward adjustments |  |  | (158 | ) |  |  | (124 | ) |  |  | (35 | ) |  |  | (108 | )
Upward adjustments |  |  | 1,156 |  |  |  | 163 |  |  |  | 1,156 |  |  |  | 63 |
Carrying amount, end of period |  | $ | 2,940 |  |  | $ | 1,518 |  |  | $ | 2,940 |  |  | $ | 1,518 |
Gain (Loss) on Securities [Table Text Block] | The following summarizes investment income (loss) reflected in earnings from continuing operations:
|  | Nine Months Ended |  |  | Three Months Ended |
|  | March 31, |  |  | March 31, |
(dollars in thousands) |  | 2021 |  |  | 2020 |  |  | 2021 |  |  | 2020 |
Investment Income (Loss) |  | As Restated (See Note 2) |  |  |  |  |  |  | As Restated (See Note 2) |  |  |  |  |
Unrealized gains (losses) on fair valued securities |  | $ | 12,556 |  |  | $ | (3,995 | ) |  | $ | 5,983 |  |  | $ | (342 | )
Unrealized gains (losses) on equity securities without readily determinable fair values |  |  | 1,025 |  |  |  | - |  |  |  | 1,138 |  |  |  | (100 | )
Realized gains on sales of fair valued securities |  |  | 15,606 |  |  |  | - |  |  |  | 563 |  |  |  | - |
Realized gains on principal payment proceeds |  |  | 552 |  |  |  | - |  |  |  | 552 |  |  |  | - |
Realized gain on sale of subsidiary |  |  | - |  |  |  | 151 |  |  |  | - |  |  |  | 151 |
Realized foreign currency gains (losses) |  |  | 164 |  |  |  | (234 | ) |  |  | (12 | ) |  |  | (234 | )
Impairments in equity securities without readily determinable fair values |  |  | (6 | ) |  |  | - |  |  |  | (6 | ) |  |  | - |
Dividend and interest income |  |  | 227 |  |  |  | 156 |  |  |  | 206 |  |  |  | 84 |
Total Investment Income (Loss) |  | $ | 30,124 |  |  | $ | (3,922 | ) |  | $ | 8,424 |  |  | $ | (441 | )

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